Which Is not True Regarding Differences Between Goods and Services

question 10

Multiple Choice

Which is not true regarding differences between goods and services?

• A) Services are generally produced and consumed simultaneously; tangible goods are not.
• B) Services tend to be more knowledge-based than goods.
• C) Services tend to have a more inconsistent product definition than goods.
• D) Goods tend to have higher customer interaction than services.
• E) None of the above is true.

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Definitions:

Lumpers and Splitters

Terms used to describe the practice of categorizing information or objects broadly (lumpers) versus categorizing them into many precise, smaller categories (splitters).

Homo Habilis

An extinct species of early human that lived approximately 2.1 to 1.5 million years ago, known for being among the first makers of stone tools.

Organic Materials

Substances derived from living organisms, including plants and animals, often used in the context of carbon-based compounds, farming, or art materials.

Upper Paleolithic

The final phase of the Paleolithic period, characterized by the emergence of high-quality stone tools, art, and early forms of human cultural behavior.